Quarterly report [Sections 13 or 15(d)]

Customer and Supplier Concentrations (Tables)

v3.25.3
Customer and Supplier Concentrations (Tables)
3 Months Ended
Sep. 30, 2025
Risks and Uncertainties [Abstract]  
Schedule of Concentration of Risk, by Risk Factor

Customer Concentrations

The following customers provided 10 percent or more of the Company's revenues (in thousands):

 

 

 

 

Three Months Ended September 30,

 

 

 

 

 

2025

 

 

2024

 

 

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Total revenue

 

 

$

3,680,766

 

 

 

100.0

%

 

$

2,715,096

 

 

 

100.0

%

 

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HSBC Bank (1)

 

 

$

572,614

 

 

 

15.6

%

 

$

578,783

 

 

 

21.3

%

 

Deutsche Bank (1)

 

 

 

557,167

 

 

 

15.1

%

 

 

14,889

 

 

 

0.6

%

 

 

(1)
Sales with this trading partner include sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product. This sales activity has been reported within the Wholesale Sales & Ancillary Services segment.

The following customer accounted for 10 percent or more of the Company's accounts receivable (in thousands):

 

 

September 30, 2025

 

 

June 30, 2025

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

283,140

 

 

 

100.0

%

 

$

137,723

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Deutsche Bank AG

 

$

39,561

 

 

 

14.0

%

 

$

27,700

 

 

 

20.1

%